I work with one builder....every deal I close with them in a calendar year, the comission on each subsequent transaction goes up. 

Out of curiosity, what draws you to wholesaling in these areas?

. - Americans only first lien 30 year mortgage with 24/7 draw ability 24/7. - The only first lien mortgage in America that recasts interest every time you make a deposit! 

I got my lease from a fellow landlord that had an attorney draw it up.

Just that our agreement renews annually for a subsequent 12 months if we don’t provide 30 days notice prior to renewal.

By making partial dispositions, you can also avoid subsequent recapture on these items when you go to sell.

Owner’s Draws and Tax Implications: Taking owner’s draws to recover your initial equity is possible, but this can have tax consequences.

And some lenders will let you pay the interest by drawing down on the loan.

Before the pandemic, Magnolia alone (not including Baylor University or any other Waco attractions) was drawing in 10,000 tourists a week to Waco and a total of 1 million tourists a year.

The HELOC will provide flexibility to draw funds you need for rehab and the purchase of the property, whereas on a HELOAN you will be paying interest payments on the entire balance from day 1.